Opened a trading account in April 2020. Traded the market open for 1,5 months and lost 120 dollars on 35 trades. Paper traded 925 trades until the middle of December 2022. Mean winning percent was 38 (2021) and 45 (2022). Mean win/loss ratio 1,35 (2021) and 0,7 (2022). Biggest win 301 dollars and biggest loss 80 dollars. Mean percent target trades 58 (2021) and 78 (2022). Expenses for education 5628 dollars specified in the blog post "33 month update".
Started to trade real money in the middle of December 2022. total number of trades 224. 2023: Mean winning percent 50. Mean win/loss ratio 0,97. Biggest win 35 dollars and biggest loss 21 dollars. Mean percent target trades 84.
November 2023. 14 trades. Winning percent 28. Winning percent in October and November was lower than usual, lots of fake brake outs. Win/loss ratio 1,61. Percent target trades 100% for the first time. Result 16 Dec 2022 - 30 Nov 2023 minus 5,99 dollars. Frustrating.
I prepare my watchlist before Tim Bohens premarket prep and compare my watchlist with his. When the market opens I can get carried away by the action and act impulsive.
"When the market opens I can get carried away by the action and act impulsive.". Single biggest reason most traders fail. Screw the numbers and % w/l ratio crap for right now. Focus on mastering your mindset and making this statement NOT true for you. Focusing on mastering you and your mind/emotions makes all #'s and %'s better.
Thank you
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